News and Announcements
2008
Cibar
User Group meeting July 17th and 18th
Cibar will be holding
our annual user group meeting in New York City on July 17th
and 18th. For more information please contact Nick Mayer at
719-260-6700 or by email nmayer@cibar.com
North Fork Bank successfully converted to Cibar's
applications
Cibar was pleased to
be retained in the Capital One Bank purchase of North Fork
Bank. On March 10th, 2008 North Fork Bank was successfully
converted over to Cibar's GTS and ICC applications.
U.S.
Century Bank
goes live with Cibar's GTS
In January 2008, as planned,
U.S. Century
Bank went live with Cibar's Global Trade Services (GTS) system.
Letters of Credit, Collections, Loans and International Wire Transfers are just a few of the GTS applications
that were successfully implemented. U.S. Century is now moving forward with plans for
a successful implementation of Cibar's Internet Customer Connection system (ICC).
News and Announcements
2007
U.S.
Century Bank
Selects Cibar
U.S.
Century
Bank has licensed Cibar's GTS and ICC
applications. U.S. Century plans to implement a very extensive list of GTS features using GTS to its fullest capabilities.
Implementation plans include International Wire Transfers as well as the more standard products of
Letters of Credit, Collections, and Acceptances. U.S. Century plans to be live in the 1st Quarter of 2008.
Cibar and U.S. Century look forward to continuing a mutually beneficial working relationship.
First
Bank, Inc.
Selects Cibar
First
Bank, Inc. has licensed Cibar's GTS and ICC
applications. FBI plans to be in production 4th quarter
of this year. We look forward to working with FBI in the
future.
Sterling
National Bank Selects Cibar
Cibar is pleased to
announce Sterling National Bank
has selected Cibar to meet their trade finance needs.
Sterling National Bank is scheduled to go into production the
beginning of September 2007 with both GTS and ICC. We
look forward to a long lasting relationship between Cibar and
Sterling National Bank.
Cibar
User Group Meeting
Cibar had a very
productive user group meeting the week of March 20th in
Pittsburgh. Cibar would like to thank PNC Bank for their
generosity in hosting the event. At the meeting Cibar
came away with many good ideas to continue enhancing our
state of the art letter of credit systems. Cibar was also
very pleased with the results of our customer satisfaction
survey. On a scale of 1 to 5 with 5 being the best
Cibar received a 4.8 on customer service and a 4.96 on
overall satisfaction.
Regions
Bank Retains Cibar
Cibar is pleased to
announce that Regions Bank, who merged with longtime Cibar
customer AmSouth Bank, has chosen to retain Cibar's back
office system GTS. Cibar is currently in the process of
converting Regions Bank over to GTS.
News and Announcements
2006
TD
Banknorth "live" with GTS and ICC Cibar
is excited to announce that TD Banknorth has gone into production
with both GTS and ICC. Cibar looks forward to maintaining a
long lasting relationship with TD Banknorth.
AmSouth Bank Live with GTS, ICC,
and Cash Letters
Cibar's longtime customer AmSouth
Bank has
completed an upgrade from their current Cibar system to version
3.1 of GTS and ICC. With version 3.1 AmSouth will also
be utilizing Cibar's Cash Letter application.
Cibar Develops
Wire Transfer Product Cibar is excited to announce that we have developed a new
International Wire Transfer product. The Wire application is capable of
processing incoming and outgoing wires. Each wire will then be checked for possible OFAC
violations as well as generate accounting and send Swift and
Fedwire messages.
Cibar Develops Cash Letter System
Cibar is excited to announce that we have
added a new Cash Letter
application to our list of products. The Cash Letter application is capable of downloading foreign check extract files
generated by the bank's proof department. The Cash Letter functionality includes the capability to give the customer either
immediate or deferred credit.
News and Announcements
2005
Hibernia National Bank (Capital One) Selects Cibar
Hibernia National Bank, who was recently
bought by Capital One, has selected Cibar to meet their trade finance needs.
Hibernia plans on implementing both GTS and ICC in the third quarter of 2006. In addition to using GTS and ICC, Cibar is
excited to announce that Hibernia will be using our new Cash Letter and Wire functionality that was tailored to meet their day
to day needs. We look forward to a long successful relationship with
Hibernia and Capital One.
ABN Amro's Version of ICC wins more Awards!
Cibar has continued to work with
ABN
Amro Bank in developing their customized version of MaxTrad. MaxTrad has been proven a success as it has been recognized as the best electronic service provider in trade finance for 2004 by Euromoney Magazine. This marks the third year in a row MaxTrad has won or shared in winning the award. MaxTrad has also been recognized as "Best Online Trade Finance Site" as well as "Best Use of IT in Wholesale Banking".
Bank Leumi Trust USA in Production
Cibar is pleased to announce
Bank Leumi USA went into production with GTS
and ICC
Credit Suisse "Live" with GTS!
In January Credit Suisse went "Live" with GTS. Credit Suisse upgraded from Cibar's Vax Alpha system over to GTS.
Cibar has enjoyed a relationship with Credit Suisse since 1988.
CoBank and National Penn Bank "Live" in May!
In May of 2005, Cibar had both
CoBank and National Penn Bank go into
production with GTS.
Cobank has been a longtime customer of Cibar and National Penn is a new client.
Cibar has added Imaging!
Cibar has added imaging to release 2 of our Global Trade Services
product. This has been done
at the request of Bank Leumi
Trust/ USA and it is available to all future clients.
News and Announcements
200 4
Cibar’s Largest Client
Goes Into Production
On May 16th, 2004 PNC
Bank, the 9th largest Treasury Management provider
nationwide, has gone into production with Cibar's GTS
and ICC products.
PNC has converted to Cibar's Windows based products from AMS's OS2
product. PNC is Cibar's largest client with over 60 users in
multiple locations. It is a great honor to have one of the
nation's largest financial services companies, with assets of more than
$70 billion use Cibar for our Letter of Credit System.
Mellon
Bank "Live" with Internet Customer Connection.
Mellon
Bank has gone into production with Cibar’s Web Based Front End System (ICC). Cibar thanks Mellon for their continued loyalty with our
products.
First
Commercial Bank Of Alabama In Production!
First
Commercial Bank of Alabama successfully went into production
with GTS. FCB will be upgrading to ICC in the near future.
Washington
Mutual Goes "Live" With GTS And ICC
Cibar is pleased to
announce on March 15th, 2004 Washington Mutual
Bank (the 7th largest banking company nationwide) has placed
Cibar's Global Trade Service (GTS) and Internet Customer Connection
product (ICC) into Production.
News and Announcements
200 3
First
National Bank Of Omaha Moves To Windows Based GTS System
First
National Bank of Omaha has gone live with Cibar's GTS
product. FNBO, a longtime Cibar customer, has moved from TSPS to GTS.
FNO has plans on upgrading to ICC in the near future.
ABN
AMRO Win's Award For MaxTrad!
euromoney.com has named ABN
Amro's MaxTrad as the Best Bank Site for Trade Finance for
2002. MaxTrad, a customized implementation of Cibar's ICC product,
services over 2000 customers worldwide.
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